Companies operating under SBTi's guidelines are seeking to implement the Paris Climate Agreement to halt the greenhouse effect and prevent global temperatures from rising by more than 1.5 oC.
As part of the commitment, the group's greenhouse gas emission reduction targets are to be approved under SBTi.
The Science-Based Targets initiative (SBTi) was developed in 2015 as a tool to help companies set emission reduction targets and measure their effectiveness based on scientific data. It is used by more than 4,700 companies around the world.
Maxima Grupė has pledged to reduce the environmental impact in all five market areas of the group's activities, in line with the SBTi guidelines.
Companies operated by Maxima Grupė in Lithuania, Latvia, Estonia, Poland, and Bulgaria jointly plan to reduce direct and indirect greenhouse gas (GHG) emissions (within Scope 1 and Scope 2) at the group level by 42% by 2030 compared to the baseline year 2021.
Under the SBTi methodology, the objective is to ensure that at least 67% of suppliers (calculation based on the group's GHG emissions) set emission reduction targets.
Agnė Voverė, CEO of Maxima Grupė stated, "For several years we have been implementing unification of formats of our stores and we see that we can do our business more efficiently, cost effectively and with lesser impact to the environment.
"As a responsible business company, we have chosen to follow the guidelines of the Science-Based Targets initiative. Our greenhouse gas emission reduction targets will be submitted for the approval of SBTi."